High paying accounting jobs: Top 10 Highest Paying Jobs in Accounting

Опубликовано: January 16, 2023 в 8:11 pm

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Категории: Miscellaneous

Top 10 Highest Paying Jobs in Accounting

Accounting Professor

Average Income: $77,400

You might pursue a career in academic accounting if your passion is for the intricacies of the profession itself, and if you love informing young people and helping them earn their degree in accounting. You will need to achieve a minimum of a master’s degree to teach at the university level, and it’s recommended that you complete a PhD to give yourself the best shot at a permanent, tenure-track position. This work is very rewarding, and you’ll spend several hours per day working with students by giving lectures or discussing assignments during your office hours. You may also need to grade papers, but larger universities may provide graduate students to help you with that work. The average income of college professors is around $86,000, but it will, of course, depend on who your employer is and there’s always the option to continue working in the non-profit sector or private sector if you already have clients or businesses who rely on your services and advice.

Director of Finance & Administration

Average Income: $88,900

This position is one that you might obtain after a number of years within an industry. Your knowledge of accounting and the industry itself will make you the perfect candidate. Directorships are often given to those with master’s degrees. In particular, an MBA with a concentration in accounting or finance will be helpful. A law degree is often considered very helpful, though you will not likely need to be a member of the bar if you remain in a business environment and you’ll find the accounting degree more applicable even when it comes to tax laws.

This job will require you to manage the financial and administrative life of your firm and help them meet their financial goals. Department heads and other management professionals will report to you as you will need their collaboration when devising budgets with the help of the budget analyst reports and those of your cost accountants. Thus, you must have strong communication skills on top of your business acumen.

You may also review reports from the other professional accountants within the company such as the internal auditor, a forensic accountant if you are worried about fraud, and you’ll review all financial statements. These directors work in both the non-profit sector and the private sector, but your average income could look very different depending on which you choose.

Corporate Controller

Average Income: $95,600

A corporate comptroller accountant is often in charge of all entry-level and even management professional accountants within an organization, excepting the C-suites. Virtually every financial function of your firm will route through you. Whether that is budgeting, accounts payable and accounts receivable, reports from your financial analyst, and keeping financial records or generating financial reports for quarterly or year-end statements.

Controllers, in general, work in offices of corporations and maintain regular office hours whether they are in the public or private sector or even in an international organization. However, you might find that you need to work approximately 60 hours a week to manage all your duties. On the other hand, your average income is likely to be ample with a substantial bonus structure to sweeten the deal.

Internal Auditing Manager

Average Income: $101,700

Internal auditor managers are in charge of overseeing nearly every single operation in the life of a company. In this job, you will ensure that your firm is in compliance with all relevant governmental regulations, insurance stipulations, and internal standards. Auditing managers ensure that their firms operate at maximum efficiency. A large part of this occupation is generating reports to department heads as well as c-suite executives. Thus, you will need strong written and verbal communication skills, on top of your accounting skills and the ability to generate eye-catching PowerPoint slides.

Typically, professionals in these top positions have extended tenure as well as a master’s degree. You may also have to work with professionals in forensic accounting if you find signs of fraud, either internally or from a consulting accounting firm. Your average income could increase substantially if you work in the private sector and gain enough experience.

Investment Banker

Average Income: $100,600

The term ‘investment banker’ covers a fairly wide range of activities performed by accountants and auditors. Those include helping a company issue stock on a public market, managing a merger or acquisition, discovering funding for a company’s expansion, or even helping governments raise capital or attract new business to their state or nation. There are a variety of career paths you could take. The working life of an investment banker tends to be very demanding, including very long hours, high-pressure deals, and rigorous governmental scrutiny related to insider trading and other SEC regulations, which may lead to issues maintaining work/life balance.

Investment bankers typically start out in an entry-level position as a financial analyst that lasts for two years, possibly three. From that point, they will attend graduate school for their MBA. Some will return to their original firms to pursue a career as an associate, but others will move on to a new firm such as Goldman Sachs, Morgan Stanley, or ABN/AMRO. There are many opportunities for those who are prepared to put real time into their career. And whatever your starting salary, or even average income, the bonuses and benefits can greatly increase your actual compensation.

Financial Planning & Analysis Manager

Average Income: $101,000

Financial advisor and analysis managers help firms make sure that their funds are spent in the best possible ways, with the least inefficiencies. Professionals in this position seek to reduce financial risk for their firms or clients and they may run a team of others in the accounting field such as cost accountants, a budget analyst or financial analyst, internal auditor, public accountant, etc. A keen knowledge of economics, accounting, record keeping, and finance will be invaluable, as will years of experience. Since your decisions will impact the financial health of the entire firm, your average salary may be augmented with a healthy bonus that is tied to the firm’s bottom line.

If you are aiming to do this sort of work, it’s advised that you attain an MBA with a focus on finance and/or accounting along with your undergraduate degree in accounting.

Finance Director

Average Income: $114,200

This occupation is an upper-management position that helps the firm avoid excess risk, maximize efficiency, and best manage the firm’s finances. You might assess the operations in the company’s various departments and audit them for overall efficiency. You can also help determine the best areas for the firm’s growth and development.

Finance directors are generally c-level executives that have MBA degrees with concentrations in finance or accounting. They might also have law degrees as well as many years of proven success in the field. Tenure in investment banking might be helpful in landing such a position, particularly with companies in your industry of specialization.

Director of Risk Management/Risk Control

Average Income: $116,000

Risk managers help their firms assess and manage their risk exposure. A bachelor’s degree is often enough to get started in this field, preferably in business, accounting, or finance. However, to excel as a risk management professional, you will need a Master of Business Administration and/or a law degree. Some programs offer concurrent JD/MBA programs which can be completed in approximately four years. Employers for this position include high tech firms, government agencies, and Fortune 500 companies from any industry.

CFO (Chief Financial Officer)

Average Income: $136,100

The CFO of any company is a professional who oversees how every penny is spent in the firm. This is a position that frequently comes as a capstone to a decades-long tenure in a firm. The CFO frequently sits alongside the CEO and is likewise accountable to the Board of Directors, if there is one.

You will need to have expertise in creating budgets, knowledge of debt and credit instruments, as well as a deep understanding of economics.

While there is no specific requirement for a graduate degree in this position, you should expect to attain an MBA and perhaps additional certificates in related fields. A law degree will also be immensely beneficial in the job market and in the position.

Vice President of Finance

Average Income: $138,600

This position is often synonymous with a Chief Financial Officer, but the nomenclature between firms varies. Regardless, this is a top-level position that professionals strive for over the course of decades, not years. To attain this VP position, you should be sure to complete an MBA program, pass the CPA exam, and perhaps complete a law degree as well. All that work will be worth it when you receive your first bonus check, of course.

30 Highest Paying Accounting Jobs (Updated)

Thinking of pursuing a career as an accountant? It’s a great time to do so! According to the Bureau of Labor Statistics, the number of accounting jobs will grow by 6% through 2028! Though those with an accounting degree have tons of options when it comes to earning a living, some professionals may be interested in the highest-paying positions.

That’s why Top Accounting Degrees went on the hunt for the highest paying accounting jobs. We researched more than 50 jobs for which one with an accounting degree might be hired. We then used the website PayScale to find out the average salary of each job title. Finally, we ranked our list in order of descending average salary until we reached the 30 highest paying accounting jobs.

1. Vice President of Finance

$138,063

The highest paying accounting job is a company’s Vice President of Finance. Of course, it takes many years of hard work to become a V.P. of Finance. Typically, a master’s degree is also required. Vice Presidents of finance work alongside a company’s president and/or chief executive officer. Their primary responsibilities include coordinating budgets, setting realistic financial goals, and overseeing lower-level employees in the finance department.

2. Chief Financial Officer

$134,302

Second only to the Vice President of Finance is the Chief Financial Officer. For an average salary of $134,000, the Chief Financial Officer, or C.F.O., oversees a company’s financial operations. He or she is responsible for figuring out ways a company can progress while also saving money. Ensuring their company is adhering to all laws and policies is also part of a C.F.O.’s job description. To become a Chief Financial Officer, one should have at least a bachelor’s degree in accounting, plus a number of years of prior work experience.

3. International Tax Manager

$114,102

Third on our list of the best paying jobs in accounting is International Tax Managers. These highly paid accounting professionals are typically employed by multinational corporations or accounting firms. They are responsible for preparing and filing tax forms, as well as analyzing tax regulations at local, state/regional, and national levels. To become an International Tax Manager, one must have at least a bachelor’s degree in accounting or finance, though a master’s degree is often preferred. A Certified Public Accountant (CPA) certificate and knowledge of software like CORPInternational are also required.

4. Finance Director

$113,887

Finance Directors make an average of $114,000 per year, making them the fourth highest paid professionals in accounting. Employed by companies both big and small, Finance Directors lead a team in creating strategic financial plans. Responsibilities include:

  • identifying financial risks
  • making moves to lessen those financial risks
  • creating strategic plans

Finance Directors should have a master’s degree in finance or a related subject, plus some years of experience in the field. Teamwork, advanced mathematics, and public speaking are also important skills a Finance Director should possess.

5. Finance Manager

$91,579

The fifth highest paying accounting job is a company’s Finance Manager. It takes strong analytical skills to become a Finance Manager. A bachelor’s degree in finance or a related subject is also a minimum requirement, as is a CPA certificate. Finance Managers work alongside other managers in a company. Responsibilities include:

  • tracking ongoing expenses
  • ensuring managers do not surpass their department’s budget
  • creating accurate and timely financial reports.

6. Accounting Professor

$88,237

Next on our list of the best paying jobs in accounting in Accounting Professor. For an average salary of $88,000, an Accounting Professor teaches accounting courses at the college and/or university level. He or she is responsible for:

  • designing an accounting curriculum
  • giving lectures
  • guiding students through graduation requirements

Performing research and analyzing data may also be part of an Accounting Professor’s job description. To become an Accounting Professor, one should have a graduate-level degree, and possibly some years of experience in the field of accounting.

7. Senior Financial Analyst

$80,775

Seventh on our list of the highest paying accounting jobs is Senior Financial Analyst. These highly paid professionals are employed in just about every industry, by companies big and small. They are responsible for managing teams of analysts, and overseeing the analysis of various accounting data. Determining economic and financial risks, then organizing real-world solutions are also part of the Senior Financial Analyst’s job description. To become a Senior Financial Analyst, one should have a master’s degree and previous experience in financial analysis. Financial Analysts below the senior level make an average of $60,923 per year, according to PayScale.

8. Compliance Manager

$77,545

Compliance Managers earn an average of $77,545 per year, making them the eighth highest paid professionals in accounting. Employed by companies big and small, Compliance Managers oversee their employer’s legal, management, and compliance issues. Responsibilities include:

  • conducting audits
  • analyzing sales
  • verifying policies
  • filing timely and accurate reports

Compliance Managers should have a bachelor’s degree in accounting or similar, plus 5-7 years of related experience. Problem-solving, communication, and writing are also important skills for a Compliance Manager.

9. Assistant Controller

$75,993

The ninth highest paying accounting job is Assistant Controller. To become an Assistant Controller, one should have experience relevant to the industry in which they’re looking to work. A degree in finance or accounting is also required in most cases. Assistant Controllers oversee and manage the day-to-day accounts activities of a company. Responsibilities include:

  • ensuring all accounts data is accurate
  • allocating resources throughout departments
  • presenting to their superiors the annual budget.

10. Compliance Officer

$69,305

Not to be confused with the Compliance Manager is the Compliance Officer. For an average salary of $69,000, a Compliance Officer is charged with handling issues related to compliance with laws and regulations. He or she is responsible for ensuring a company is up-to-date with all licensing requirements. Reporting their findings to the company’s governing board is also part of a Compliance Officer’s job description. To become a Compliance Officer, one should have a bachelor’s degree. Depending on the industry, some sort of certification may also be required.

11. Financial Comptroller

$68,915

Eleventh on our list of the highest paying accounting jobs is Financial Comptroller. These highly paid professionals are employed by companies big and small in all industries. They are responsible for overseeing their employer’s accounting policies and procedures. Specific tasks include analyzing various budgets and ensuring that all financial reporting is done in accordance with policy. To become a Financial Comptroller, one should have at least a bachelor’s degree in accounting or actuarial science. Experience as a manager in the accounting industry is also preferred.

12. Forensic Accountant

$67,450

Forensic accountants make an average of $67,450 per year, making them the 12th highest paid professionals in accounting. Forensic accountants are typically employed by:

  • banks
  • government agencies
  • police forces
  • insurance companies

Forensic Accountants work to solve white-collar crime like:

  • embezzlement
  • hidden assets
  • money laundering

Specific tasks include:

  • investigating and analyzing financial evidence
  • assisting in legal proceedings
  • serving as an expert witness during trials

Forensic Accountants should have at least a bachelor’s degree in accounting or forensic accounting. Problem-solving, computer, and communication skills are also necessary.

13. Certified Financial Planner

$66,568

Thirteenth on our list of the highest paying accounting jobs is Personal Financial Advisor. These well-paid professionals are employed by individuals, though they often work as part of a firm. Personal Financial Advisors are responsible for helping a person or family reach such financial goals as education and retirement. Specific tasks include:

  • assisting clients with tax returns
  • offering investment advice
  • guiding clients through estate planning

To become a Personal Financial Advisor, one should have at least a bachelor’s degree. They should also be licensed and have obtained the professional qualification of Certified Financial Planner (CFP).

14. Credit Manager

$65,880

Credit Managers make an average salary of $66,000, making them the 14th most highly paid professionals in accounting.Typically employed by a company, Credit Managers are responsible for collecting money owed to their employer. Specific tasks include:

  • initiating legal action when bills are not paid
  • negotiating payment options
  • tracking accounts which have remained unpaid for long periods of time

To become a Credit Manager, one should have excellent communication and organizational skills.

15. Actuarial Analyst

$64,977

For an average salary of $65,000, an Actuarial Analyst is charged with using data to measure risk for a company or organization. Usually employed by insurance companies and financial services businesses, Actuarial Analysts are responsible for creating charts and graphs which:

  • communicate risk evaluation
  • interprete results of data analysis,
  • ensure that all relevant reports are accurate

To become an Actuarial Analyst, one should have a bachelor’s degree in accounting or similar. Having passed 2-3 Society of Actuaries exams is also typically necessary.

16. Accounts Payable Manager

$61,329

The 16th highest paying accounting job is Accounts Payable Manager. To become an Accounts Payable Manager, one should be able to handle stress well and be comfortable in a leadership position. A degree in accounting is also required. Accounts Payable Managers handle all of the bills and invoices that a company must pay. Responsibilities include:

  • managing a team
  • ensuring his or her department adheres to all policies
  • overseeing the processing of invoices and checks.

17. Budget Analyst

$61,236

Budget Analysts earn an average of $61,236 per year, making them the 17th highest paid professionals in accounting. Employed by companies of all sizes, Budget Analysts are responsible for all of the analysis that goes into the process of developing a budget. Specific tasks include:

  • studying the company’s past performance
  • assessing budgetary goals
  • presenting their analyses to management

Budget Analysts should have a strong background in accounting and finance, which typically includes both work experience and a bachelor’s degree or higher.

18. Real Estate Appraiser

$60,414

For an average salary of $60,000, a Real Estate Appraiser is charged with assessing the value of property. Real Estate Appraisers may work on their own, or as part of a larger appraisal company. In either case, they are tasked with performing a series of routine checks that establish a property’s official value. To become a Real Estate Appraiser, one should have at least an associate’s degree in a subject related to finance. Industry-specific state certification is also required.

19. Tax Consultant

$60,406

Nineteenth on our list of the highest paying accounting jobs is Tax Consultant. These well-paid professionals may work for themselves, or be employed by a company or large consulting firm. Tax Consultants specialize in tax returns and estates that are legally and logistically complex. Specific tasks include:

  • collecting all relevant information
  • ensuring the returns adhere to all tax laws and codes
  • reviewing the returns with clients

To become a Tax Consultant, one must be a Certified Public Accountant. This,  in itself, usually requires a bachelor’s degree in accounting or similar.

20. Internal Auditor

$59,023

The 20th job title on our list of the best paying accounting jobs is Internal Auditor. These highly paid professionals are employed by large companies. They are responsible for evaluating things like risk management and standards compliance. Ensuring all accounting laws and practices are being followed is also part of the Internal Auditor’s job description. To become an Internal Auditor, one should have at least a bachelor’s degree in accounting or similar. Most employers also prefer some years of experience and/or licensing as a Certified Public Accountant.

21. Accounts Receivable Manager

$58,714

The 21st highest paying accounting job is Accounts Receivable Manager. To become an Accounts Receivable Manager, one should have at least an associate’s degree in accounting or similar. Some years experience in an Accounts Receivable department is also preferred. Accounts Receivable Managers oversee the part of a business that deals with money that business is owed. Specific responsibilities include:

  • managing the team which deals with collection activities
  • producing Accounts Receivable reports for management.

22. Treasury Analyst

$58,213

Treasury analysts make an average of $58,000 per year. This makes them the 22nd most highly paid professionals in accounting. Employed by companies, government agencies, and non-profits, Treasury Analysts are responsible for their employer’s financial activity. In other words, Treasury Analysts are charged with managing cash flow, income, credit, asset levels, and liability obligations. They should have at least a bachelor’s degree, though some employers prefer Certified Treasury Professional certification and a minimum of two years of industry experience.

23. Compliance Analyst

$58,081

For an average salary of $58,000 per year, a Compliance Analyst is charged with ensuring that compliance has been achieved inside and/or outside their company or organization. Specific responsibilities of a Compliance Analyst include:

  • distributing information about compliance throughout their organization
  • implementing compliance policies and procedures
  • evaluating their company’s compliance performance

To become a Compliance Analyst, one should have a bachelor’s degree, plus a few years of industry experience.

24. Tax Accountant

$57,089

The 24th job title on our list of the best paying accounting jobs is Tax Accountant. These highly paid professionals may work for themselves, or be employed by a company or accounting firm. Tax Accountants specialize in preparing and submitting tax-related documents for their clients. Specific tasks include:

  • advising clients about tax liability
  • keeping up with changes in tax regulations
  • filing tax returns

To become a Tax Accountant, one should have at least a bachelor’s degree in accounting. Some education in law, as well as various certifications are also preferred by some employers.

25. Cost Estimator/Cost Accountant

$56,199

Next on our list of the best paid accounting professionals is Cost Estimator, also known as Cost Accountant. To become a Cost Estimator, one should have a bachelor’s degree in accounting or similar. Some previous experience in cost estimating is also preferred by some employers. Cost Estimators use technical and analytical skills to predict the manufacturing price of products ranging from buildings to soda bottles. Specific responsibilities include:

  • communicating with clients and engineers
  • identifying any and all methods for reducing costs
  • making new cost estimates as a project progresses.

26. Payroll Accountant

$54,855

Payroll Accountants make an average of $55,000 per year. This makes them the 26th highest paid professionals in accounting. They are employed by companies big and small. Payroll Accountants are responsible for generating, maintaining, and interpreting various financial reports and statements for their employer. Different companies require different things of their Payroll Accountants. Some are satisfied with a bachelor’s degree, while others prefer both a degree and status as a Certified Public Accountant.

27. Anti-Money Laundering Analyst

$52,446

Next on our list of the highest paying accounting jobs is Anti-Money Laundering Analysts. These important analysts are usually employed by:

  • banks
  • government agencies
  • police departments

They are primarily tasked with performing accounting-related functions which can alert potential money laundering risks. For this reason, strong attention to detail is required, as are excellent communication skills. To become an Anti-Money Laundering Analyst, one should have at least a bachelor’s degree.

28. Accounting Specialist

$46,167

For an average salary of $46,000, an Accounting Specialist is charged with performing the day-to-day financial activities of their company. Specific tasks include:

  • logging revenues and expenses
  • filling out tax forms
  • balancing checkbooks

To become an Accounting Specialist, one should have at least a bachelor’s degree in accounting or similar. Industry-specific certifications are preferred by some employers, as is some prior experience in the field.

29.

Accounting Clerk

$39,150

Coming in at #29 on our list of the highest paid jobs in accounting is Accounting Clerk. These well-paid professionals are employed by businesses big and small. They generally work in offices, where they maintain an exceptional knowledge of all ledger accounts (accounts payable/receivable, cash, etc.). To become an Accounting Clerk, one should have excellent computer, communication, and organizational skills.

30. Accounts Payable Clerk

$38,677

Accounts Payable Clerks work alongside Accounts Payable Managers, a job title which ranks #16 on our list of the best paid careers in accounting. They are typically employed by companies or accounting firms. Accounts Payable Clerks are responsible for:

  • preparing financial statements
  • data entry
  • handling customer inquiries, among other things

To become an Accounts Payable Clerk, one should have at least a high school diploma or GED, though some employers prefer an associate’s degree or higher.

Related Resources:

  • Can You Get an Accounting Job with a Finance Degree?
  • Top 15 Online Masters in Taxation

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Obvious ways and abandoning the profession for life

According to the data of vacancies from job search portals, the average salary of an accountant in Ukraine is $500. CFOs can expect $2,000-$5,000 a month, and chief accountants $630-$2,000.

An analysis of vacancies on the job portals of the Russian Federation showed that the specialists of the financial department earn the most in Moscow – $793 per month. In St. Petersburg, employers promise wages in the range of $424-$1240. A CFO in this country can expect a salary of $9569. But this money is available in large cities. Novice financiers receive up to $3189.

According to Headhunter website statistics, an accountant in Kazakhstan earns $411 in Almaty, $393 in Nur-Sultan (Astana) and $329 in Karaganda region.

In the list of similar professions in Kazakhstan, the budget accountant is considered the highest paid. The average salary level is $840. In second place is a consultant accountant with a salary of $671, and in third place is a site accountant with a salary of $527.
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In Poland, according to ERI (Economic Research Institute), an entry-level chief accountant (1-3 years of experience) earns an average salary of $17,719. And a senior accountant (8+ years of experience) earns $30,599 on average.

An accountant in Britain earns $4,560-$6,324 per month according to the National Career Service website. A part-time chief accountant can hope to earn an average of $33,644 – £53,582 a year. Full-time professionals can increase their income and earn an average salary of $51988 – $84906.

The salary of a chief accountant in Scotland is almost on par with that in London (which is currently the highest in the UK) due to increased hiring in the region.

The average salary for an accountant in the US is $43,190 per year, but it usually ranges between $37,903 and $48,445. The salary range can vary widely depending on many important factors, including education, certifications, additional skills, number of years spent in the profession.
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For example, the US National Aeronautics and Space Administration promises an accountant a salary of $73,096 – $113,900 per year.

Jobs with a high price tag have preferred skills:

  • Good knowledge of mathematics and basic economics
  • Knowledge of statistics and finance, labor law, accounting law, basic auditing
  • Ability to work in accounting programs

    • nine0013 Ability to self-educate

  • Love for numbers and calculations
  • Education in business administration, accounting and/or finance
  • Expat Accounting Experience
  • Experience with SAP
  • Fundamental knowledge of IFRS/GAAP
  • Excellent analytical, problem-solving and organizational skills
  • English proficiency
  • Microsoft Excel, Word, and PowerPoint 9 experience0018
  • ERP skills (management accounting)
  • Ability to adhere to flexible work schedules
  • Demonstrated knowledge of principles, practices, standards, laws and regulations of accounting and accounting
  • Audit experience
  • Experience writing technical notes
  • Excellent written and oral communication skills
  • Ability to collaborate and develop/maintain positive working relationships within a cross-cultural team and across departments/organizations
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  • Strong interpersonal and communication skills, customer support orientation and ability to work with all levels of the organization
  • Strong analytical and critical thinking skills, including the ability to effectively solve problems and make decisions
  • Ability to define and implement more efficient business process models

Comparison always helps to evaluate all the pros and cons, to find oneself in the landscape of the labor market and choose a further direction for movement. It may turn out that you are on the verge of big changes and professional recognition, you just have to take a few steps forward. nine0005

What to do to earn more

We asked our tutors-practitioners for the opinion of ways to increase the salary for an accountant. Obvious and not-so-obvious recommendations give good clues.

Anastasia Sholomova

tutor of the Financial Academy Active, business expert, consultant in the field of strategic management, marketing, author and developer of trainings.

There are three items:
The first one is especially important for financiers, the last one is for specialists and managers of all specialties. nine0226
1. Improve your skills by taking courses necessary for work – CIMA, DipIFR and others.
2. Develop cross-functional competencies.
3. For financiers to be able to communicate and understand the problems of commercial and marketing departments, supply services. This is important for meeting the financial and non-financial performance of the entire organization.
4. Work on emotional intelligence.

The importance of developed emotional intelligence for a career back in 2019year experts from Linkedin noted. They reported in their reports that employers are increasingly giving preference to candidates with better communication skills and paying less attention to education.

Develop in the profession

You won’t go far on one ability to communicate correctly and productively with clients and colleagues. Qualification and professional skills, nevertheless, remain “in price”.
For example, a little more, and the knowledge of IFRS will turn from a feature into a mandatory component for a specialist. In order to advance in your career and expand your professional prospects, you need to develop the habit of constantly learning. Learn for the sake of new skills and their documentary confirmation by eminent organizations. Professional organizations CIMA, IPFM, CAP, CIPA, IPBR, as well as programs from any other companies and hard work in applying the acquired knowledge will help you become a sought-after highly paid specialist.
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Elena Peteneva

Tutor of the Financial Academy Active. Candidate of Economic Sciences. Expert practitioner in International Financial Reporting Standards at ACCA level DipIFR-rus. IPFM accredited trainer.

The main thing that can increase income is obtaining international certifications in the field of finance, knowledge of English and experience.

Change profession

To change profession, an accountant, like any other specialist, needs an up-to-date set of knowledge and skills, experience, as well as a number of soft skills or soft skills.
If you correctly use the previous practical experience in accounting, then it is quite possible to become a senior manager or financial director, executive director of a company. You can turn into an independent consultant and provide private accounting services. nine0005

Global market conditions and business needs are changing, and we need to be able to change along with them. Now, to apply for a managerial position, you must be able to demonstrate business acumen, strategic thinking and a willingness to learn and use new technological solutions and financial systems. This adds significantly more value to the candidate in the eyes of the employer.

Where to grow in finance, how much it will cost and what salary it promises

In order to set foot on the path of changing a profession, it is necessary to evaluate the initial resources and the goal. To do this, you need to answer the following questions:
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  • What level of education do you have now?
    Most accounting vacancies require education in economics and finance or several years of work experience. In some countries, there are professional standards that force specialists to periodically improve their skills. One way or another, education is a launching pad for moving forward and upward.
  • What company do you want to work for?
    The list of skills that you need to master can be easily compiled from the description of suitable vacancies from the companies in which you want to work. They will most quickly orient in directions for development and show what the labor market wants.
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  • What is your best job?
    What you like and do well can bring more rewards. If you pay more attention to it and master additional tools. Find what you like, what employers pay more for and move in that direction.
    An express way to assess your current level of knowledge and skills for free is the Finrabota service. In it, you can not only test, but also look for a job, communicate with career consultants and choose the right direction for development.
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Cancellation of a lifetime profession

If the answers to the questions above did not help you choose a new profession, try creating one for yourself.

There will be no more profession for life. The modern world is changing very quickly and you need to keep up with it. Analysts at analytics software company Burning Glass Technologies analyzed just under a billion job openings and found that hybrid professionals are in high demand in the job market.
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Until 2028, the demand for representatives of hybrid professions will increase by 10%, according to analysts. To succeed now, for example, accountants must learn how to advise clients, CFOs must navigate automation tools and understand how to implement them in a company, and analysts must master the basics of marketing.

The Wall Street Journal says that the number of vacancies for representatives of hybrid professions will only grow. This is because it is much cheaper for companies to assemble a team of specialists who are able to rebuild and use their skills for a specific project and its tasks than to recruit new employees every time.
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Not a single educational institution in the world yet trains representatives of hybrid professions.